West
Award-Winning Seniors Community Highlights Importance of Accessibility
KTGY Group Inc., Architecture + Planning, announced their new community Foursquare Senior Living in Portland, Ore., which is expected to commence construction in the spring of 2012.
Bridge Housing Buys Site in Marin County for Affordable Multifamily
Bridge Housing Corp., one of California’s largest nonprofit developers and owners of affordable housing, has bought a 3.5-acre site in unincorporated Marin County. The company plans an affordable housing development for the site.
Orange County Condo Property Successfully Reinvented as Upscale Apartments
Renters in Irvine, Calif., are clearly keen on upscale accommodations, as evidenced by the latest news at a luxury multifamily property built by Lennar and Intergulf Development Group in 2010.
MHN Interview: TransUnion Data Shows Vacancies Decreased But Rents Stayed the Same
Recent findings from TransUnion, a provider of risk management solutions, showed that while, on average, vacancy rates have decreased, rents have remained steady.
Landmark Properties Bringing Cottage Development for University of Arizona Students
Landmark Properties has teamed with Harrison Street Real Estate Capital in constructing nearly $400 million in student housing in eight developments. Their ninth collaboration will be a 774-bed student cottage development at the University of Arizona.
MARKET SNAPSHOT: Fort Carson Expansion to Bring Jobs, Rental Occupancy to Colorado Springs
Fort Carson, a 137,000-acre U.S. Army Base in Colorado Springs, will see the addition of a 2,700-soldier aviation brigade by 2013, raising the total GI population of the base to around 30,000, according to Hendricks & Partners.
New Affordable Community Offers Environmental Benefits
KTGY Group Inc., Architecture + Planning, has announced the opening of a green affordable community called The Crossings on 29th Street in South Los Angeles.
MARKET SNAPSHOT: Las Vegas Recovers Select Jobs, Increasing Multifamily Sales
Multifamily sales in the Las Vegas metro area increased by 59.6 percent between the third quarters of 2010 and 2011, this in concurrence with the overall unemployment rate dropping from 15.5 percent to 14.2 percent.
CityView Closes on First Community in its $300 Million Fund
CityView has closed on its first asset from the Bay Area Fund–a $300 million fund that will be used to invest in Bay Area, Calif., multifamily communities.
A New Take on Affordable Housing
The term “luxury” isn’t the first word you think of when you hear “affordable housing,” but NMS Properties is looking to change this with their Luxe @ Broadway apartments.